
Separate financial statements
66
REPORT AND FINANCIAL STATEMENTS 2024 | ENEL SPA
Statement of Cash Flows
Euro Notes 2024 2023
of which with
related parties
of which with
related parties
Pre-tax profit 2,454,152,744 2,895,952,291
Adjustments for:
Depreciation, amortization and impairment losses
5.d 3,585,112,792 718,632,977
Exchange gains/(losses) on foreign currency assets
and liabilities
48,827,789 13,686,853
Accruals to provisions 22,606,923 6,957,494
Dividends from subsidiaries, associates and other
companies
6 (6,562,676,857) (6,562,253,256) (4,269,179,595) (4,268,761,567)
Net financial (income)/expense 247,790,219 227,474,681 411,222,943 (16,527,553)
Cash flows used in operating activities before
changes in net working capital
(204,186,390) (222,727,037)
Increase/(Decrease) in provisions (32,513,866) (28,866,530)
(Increase)/Decrease in trade receivables
17 (31,037,710) (29,093,337) 111,147,807 113,669,287
(Increase)/Decrease in other financial
and non-financial assets/liabilities
1,760,348,827 468,923,364 1,012,405,770 (822,418,837)
Increase/(Decrease) in trade payables
27 (3,016,550) (5,499,877) (19,946,322) (10,182,788)
Interest income and other financial income collected 812,527,191 552,991,209 1,080,902,064 644,093,507
Interest expense and other financial expense paid (1,144,314,285) (682,834,924) (1,460,144,722) (637,676,049)
Dividends from subsidiaries, associates
and other companies
6 6,325,067,380 6,324,645,491 3,851,190,666 3,850,786,914
Income taxes paid (1,792,730,598) (47,114,592)
Cash flows from operating activities (a) 5,690,143,999 4,276,847,104
Investments in property, plant and equipment
and intangible assets
10-11 (34,558,947) (47,401,080)
Investments in equity investments
13 (1,050,537,331) (1,050,537,331) (1,608,039,876) (1,608,039,876)
Disinvestments from extraordinary transactions - 648,514,204 648,514,204
Cash flows used in investing activities (b) (1,085,096,278) (1,006,926,752)
New long-term borrowing
23 - 2,201,106,190 2,000,032,661
Repayments of long-term borrowings
23 (1,179,394,903) (132,390,869) (2,803,055,864) (1,332,805,452)
Net change in long-term borrowings/(loan assets) 674,968,967 265,084,305 1,200,109,945
Repayment of short-term borrowings
(1)
(4,500,000,000) (4,500,000,000) (3,025,000,000) (3,025,000,000)
Use of short-term borrowings
(1)
3,000,000,000 3,000,000,000 4,500,000,000 4,500,000,000
Net change in short-term borrowings/(loans assets)
(1)
2,446,048,810 3,117,881,919 (4,846,850,065) (5,481,272,340)
Dividends and interim dividends paid
22 (4,366,954,626) (4,090,667,883)
Issue of perpetual hybrid bonds
22 889,699,972 1 ,737, 2 37,5 0 0
Redemption of perpetual hybrid bonds
22 (297,424,000) (751,550,185)
Coupons paid to holders of perpetual hybrid bonds
22 (246,412,117) (181,768,696)
Purchase of treasury shares
22 (26,755,710) (20,173,002)
Cash flows used in financing activities (c) (3,606,223,607) (7,015,637,700)
Increase/(Decrease) in cash and cash equivalents
(a+b+c)
998,824,114 (3,745,717,348)
Cash and cash equivalents at the beginning
of the year
21 1,122,155,615 4,867,872,963
Cash and cash equivalents at the end of the year
21 2,120,979,729 1,122,155,615
(1) The figure for 2023 has been restated to improve presentation.